November 18, 2002

TXU RAISES ADDITIONAL $750 MILLION OF LIQUIDITY AND OTHER ANNOUNCEMENTS

DALLAS - TXU Corp. (TXU) (NYSE:TXU) today announced that its wholly owned
subsidiary, TXU Energy Company LLC (TXU Energy), has signed an agreement to
issue $750 million of exchangeable subordinated notes due 2012 to DLJ Merchant
Banking Partners III , L. P., a CSFB Private Equity Fund and its affiliated
funds (DLJ Merchant Banking Partners). The transaction is expected to close by
the end of the week.

The notes will carry an interest rate of nine percent and have a provision
allowing for deferral of interest payments. The notes can be exchanged at any
time for TXU common stock at an exercise price of $13.15 per share of common
stock. The number of shares issued will be calculated by dividing the principal
amount of notes to be exchanged by the exercise price. On the basis of the
current outstanding amount of TXU common stock, the shares to be issued would
represent approximately 17 percent of the TXU common stock on a fully diluted
basis. The exercise price is subject to customary anti-dilution adjustments. The
net proceeds increase liquidity and will be used to repay debt and for other
general corporate purposes.

DLJ Merchant Banking Partners will have the right to designate one member on the
board of managers at TXU Energy and the right to nominate one board member to
the TXU board of directors.

The notes and the common stock will not be registered under the Securities Act
of 1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements. TXU has
agreed that the common stock will have registration rights.

Financial advisors to TXU were Credit Suisse First Boston and Merrill Lynch &
Co.

Other Announcements:
TXU also announced today that its board of directors has authorized a special
meeting of shareholders for the purpose of approving a transfer of a portion of
the company's shareholders' equity from stated capital into surplus, in
accordance with the Texas Business Corporation Act. The location and time of the
meeting will be established at a later date.

In addition, TXU announced that it has received an informal data request from
the Securities and Exchange Commission asking the company to voluntarily provide
documents related to its recent dividend declaration. TXU will fully comply with
the request and does not anticipate any adverse consequences.


NEWS MEDIA:
Carol Peters
214.812.5924
cpeters@txu.com

Joan Hunter
214.812.4071
jhunter@txu.com

Tim Hogan
214.812.2756
thogan@txu.com

INVESTOR RELATIONS:
David Anderson
214.812.4641
danderson@txu.com

Brad Jones
214.812.8405
bjones@txu.com